Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
For what it's worth I have the same problem on 1 out of 3 PC's, from oldest to newest. Oldest is running windows 10 and Office Professional Plus 2016, retail version. Not having issues with that PC, updates Okay. Next PC is Windows 11 PC running Office Professional Plus 2019, retail version. Again no problem updating. Newest PC is Windows 11 PC running Office Professional 2021, retail version. On this one I'm getting the same Update Error Code:30088-27. All Apps on all three PC show version 2046 build 17726.20078. I just updated/tried updating all 3 PCs two days ago. Only 2021 version fails. One thing I did notice, on both older PC, I'm running 32 bit version of Office. On Newest one that's failing I'm running 64 bit version. Don't know if that means anything, but worth mentioning. Tried running online repair, Didn't help.
All of my machines are running the latest version of Windows 11 Pro. Two are running the retail version of Office Home and Business 2019 and one is running the OEM version that came with it from Dell. All are running the 64 bit. The oldest machine is the one that is having the problems, but it is the most capable and fastest machine otherwise. I was able to update Office on that machine by utilizing the Online Repair through the Windows Settings - Apps - Installed Apps. As noted earlier though, all three machines are showing the current version on the Office Account - About Outlook (or Word or Excel), but they all show the older version if you click the About button. Haven't figured that one out yet.